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Community: Investing Wiki

Term Of The Hour

non-qualified annuity inheritance: Original post by Melinda Hill Mendoza of Demand Media An annuity is an insurance policy designed to provide a guaranteed income. You pay a premium and the premium grows tax-deferred, based on an interest rate or the stock market. Non-qualified annuities are annuities set up by individuals or a trust and aren't part of a formal retirement plan, such as an Individual Retirement Account. When you…

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